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Toubani Resources Inc (ASX:TRE)

ALERT: Price-sensitive ASX Announcement for TRE
Current share price for TRE : $0.310 0.05 (19.23%)+
Announcement
Release
3 Aug 2026 8:48AM
Price at Release
$0.260
Full Release
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Summary
Toubani Resources Limited, listed on the ASX as TRE, is advancing the development of their Kobada Gold Project, with construction activities progressing on schedule. The project includes the construction of key infrastructure such as a water storage dam and accommodation camp, both of which are near completion. A major milestone is the upcoming first drawdown under the gold stream financing by the end of August 2026, ensuring the project is well-funded. The company expects to update its Mineral Resource Estimate by the end of the third quarter, which will aid in finalizing the pit design and mining schedule. Operational readiness planning is well underway, with all key personnel and contractors mobilized to the site. The company aims for its first gold production by the third quarter of 2027. Continuous community engagement is part of Toubani's project execution strategy to ensure stakeholder alignment.
Key Points
  • Kobada Gold Project construction remains on schedule.
  • Key infrastructure such as water storage dam and accommodation camp construction are nearing completion.
  • Mineral Resource update expected by end of Q3.
  • First drawdown under gold stream financing set for August 2026.
  • Operational readiness planning has advanced.
  • Toubani Resources is targeting first gold production in Q3 of 2027.
  • Mobilization of key personnel and contractors is complete.
  • Community updates on development activities are ongoing.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.